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Backup Offers

506 Illinois Ave, Lynn Haven, FL, 32444

$399,000

Home List Price

$4,738*

Closing Credit

4 Bedrooms
4 Full Baths
2,472 SqFt
$161/SqFt
Multi

Location

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506 Illinois Ave, Lynn Haven$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1960
HeatingElectric
CoolingWindow Unit(s)
MLS #765063
Lot Size0.34 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 506 Illinois Ave

Lynn Haven QUADPLEX on two platted lots. All units are separately metered electric. Building exterior is mostly brick offering low maintenance and sturdiness. Unit 1 is a studio and ready to be rented. Unit 2 is a 1br 1bath rented for $700/month. Unit 3 is a 1br 1 bath in need of a light rehab. Unit 4 is a 1br 1bath rented for $900/month. Many possibilities to increase value thus offering a unique opportunity for an investor. Multiplexes in Lynn Haven are a rare find- come view today!

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Living Area: 2,472 SqFt

Listing Office:

  • Office Name: CENTURY 21 Commander Realty

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Traveling north on Highway 77, turn right on 5th Street, turn right on Illinois Ave, property is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000
  • Price Per SqFt: $161/SqFt

Tax Information:

  • Annual Amount: $1,546
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lynn Haven, FL.

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Lynn Haven, FL

City

Med. Sold Price

$350.8K

Med. Price/SqFt

$192

Avg. Days On Market

48

# of Sold Homes

27

506 Illinois Ave vs Lynn Haven

36 DAYS ON ROCKET

-12 Days

$399,000

+$48.1K More

$161/SqFt

-$31 Less

KEY TAKEAWAY

This property is $48.1K more than the Median Sold Price and $31/SqFt less than other homes in Lynn Haven, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #765063

Listing Office:

  • Office Name: CENTURY 21 Commander Realty

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,546$103,530
2018$1,521$103,546
2017$1,435$96,212

History based on county public records data.

Payment Calculator

$2,059

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-702723
4
/10

  • Lynn Haven Elementary School

  • 301 W 9th St

  • 0.62 miles

  • Public District Grades PK-5

school-card-donut-702724
7
/10

  • Southport Elementary School

  • 1835 Bridge St

  • 2.65 miles

  • Public District Grades PK-5

school-card-donut-702725
6
/10

  • Bay Haven Charter Academy

  • 2501 Hawks Landing Blvd

  • 2.70 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,125. Residents of Lynn Haven, FL typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Bay County›Lynn Haven›32444›506 Illinois Ave

This home is located at 506 Illinois Ave in Lynn Haven, FL and zip code 32444. This 2,472 square foot home, which was built in 1960, sits on a 0.34 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $399,000.

In November 2024 more than 4 listings in Lynn Haven, FL were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 16 were sold below. In November 2024 in Lynn Haven, FL there were 2.6% less homes for sale than in October 2024. Listings spent 48 days on the market in November 2024, and had a median list price of $350,837 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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